Forget supply/demand. Forget speculators.

If this article doesn't put all the jigsaw pieces together in the whole puzzle, you're not very switched on. The world is again propping up the US economy by accumulating US dollars in order to purchase oil... but that could change.

http://www.energybulletin.net/node/12125

Note: The article might be a couple of years old but it's quite factual... and the author foresees events that will likely explain the current motives of the Bush administration. It reads like a predictable game of chess.

The article is reason enough why oil prices will not fall in the next few years... unless the Euro becomes the prominent currency for purchasing oil... and this could be extremely plausible.

 

Very interesting, and appears to agree with other sources. There was a bit of a discussion happening on this in another thread, but essentially, there was a documentary "The Energy Non-Crisis" circulating on the internet that has since been pulled. It also talked about the US interests of selling oil for USD, and that the reason for toppling Saddam's regime was because he tried to do it for other commodities/currencies.

The Iranian oil bourse is now operational, but in a crippled way. Something happened that they're not operating as expected.

What's interesting is that the article mentions "Sabotaging the Exchange—this could be a computer virus, network, communications, or server attack, various server security breaches, or a 9-11-type attack on main and backup facilities.".

Does anyone remember how undersea internet data cables have been cut this past winter, all within several days of each other, just before the bourse was supposed to go online?

Make your own conclusions

 

So this is all because Bush wanted to go to war to get Iraq's oil. Got it.

Oh, and because Saddam tried to kill his Dad.

Thanks for the enlightenment.

Bob

 

Sorry Bob.

You are proving how ignorant you are. Because you didn't read the part where Bush didn't do it for the oil (in the author's eyes)... he did it to strengthen America's economy.

If you still don't get it... if the US can't sell oil in $USD, the economy collapses.

Thanks for your interest, even if you are a bit slow on the uptake.

 

Well then maybe the US needs to stop being such a puss bag and adopt a global currency.

 

You're right, you're welcome, I am.

 

I'm not going to read the article right now, I don't have much time. But there has been talk about abandoning the dollar due to the high price of oil. So isn't the high price of oil hurting us in that regard more than helping us?

 

Well, part of the reason why oil is as expensive is that the value of US dollar fell recently. For example, CDN dollar was trading at 1:1.35 ration (1.35 CDN for 1 USD), but now it's at 1:1.

It's a very complicated scenario, with no one factor but many. There are many theories out there. However, the US economy benefits if oil is traded in USD. If the oil stops being traded in USD and goes to another currency, the US economy will suffer. So will the rest of the world's, though, for the foreseeable future - you can see what the mortgage crisis in the US is doing to the global economy via credit crunch.

In conclusion: the truth is out there but we haven't found it, nor is there a chance that we will find it. We can only approximate it.

 

Of course not. Bush went to war to defend millions of vulnerable Americans from a very real threat of terrorism, as was made manifest in 9/11. By invading Afghanistan and Iraq, and by passing various "freedom protection" laws in the US, the country is as safe as ever, due to the altruistic nature of Mr. Bush who works for the benefit of the citizens of his country.

 

Conspiracies are fun because they require no facts or logic. These are always amusing to read. See also: "Fake Moon Landing"

 

Of course, believing the "truthful facts" given to you by the mainstream media is far easier, because it requires neither verification of said "facts", nor any logic to devise any conclusions - the conclusions are presented to you on a platter.

I think that the author of the quoted article presented a rather interesting viewpoint. By labeling it a "conspiracy theory", you are doing the same thing as labeling someone a "terrorist". It's good versus evil. It's either white or black. It's either true or false. It's the brain's lazy way to go through life - exist in a dichotomy, where choices are just two. Of course, a dichotomous world offers no real choices - they have already been made for you before they reached you. You want to choose what is good, and you want to reject what is bad - but it has already been determined what the good is and what the bad is, and it wasn't by you. "Goldstein is evil." We don't know why, but we hate him.

Unfortunately, and i have to keep reminding myself, this is not a place to discuss such things, it is automotive news after all.

 

[joke]Whoa, now that's what is called New World Order! [/joke]

 

I'm assuming that your entire post was sarcasm right?

 

Well then explain how a using our currency helps our economy? I haven't seen a single cent form foreign traders who use it, or is it one of those, because it's used it has value things? Where it helps keep costs of wal-mart's invoices low from China?

 

I wouldn't be surprised if someone or some group was trying to ruin the U.S. dollar in favor of something else.
I think it was only as far back as 2005 where the U.S., Canada, and Mexico entered into some sort of agreement/union (I can't remember the name of the agreement). But in this agreement is talk of using a new currency for all of North America. This currency is to be called the Amero.

And I agree with Muckz. Why can't there be any other truths then what the media tells us? I believe they feed us what they want to. It's up to us to get alternate viewpoints and then make are own conclusions.

And along those lines, if you want to watch a movie that will make you question a lot of things, check out this movie at this website http://www.zeitgeistmovie.com/
It's very intriquing and compelling.